answersLogoWhite

0


Best Answer

Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can you use economics in a real life situation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a real life situation when you will use interquartile range?

none


What real life situation use negative numbers?

weather and sports


What is a real life situation where you will use the mean absolute deviation?

Measuring Weather Forecasts


How can you apply special product in real life situation?

that product advantages use to applying


How are Integers used in your daily life?

they aren't used in real life, not unless you need them in a situation were you would need to use them.


In real life situation can use of decile?

Yes, you can. Some exams results, for example, set deciles for various grades.


Is the study of economics necessary in a situation of abundant resources?

is the study of economics necessary in a situation of abundant


How was trigonometry used?

it is used in real life situation to fin the height of thing and in math you use it to find the length of one of the sides.


How do you use real numbers in real world situations?

Unless you are an electrical engineer or a math teacher, every number you will ever use in a real world situation will be a real number.


How do you use a real life situation where you use a mixed number?

If a film which runs for 150 minutes most people would call that 2 1/2 hours instead.


What has the author ALAN W EVANS written?

ALAN W. EVANS has written: 'ECONOMICS AND LAND USE PLANNING' 'ECONOMICS, REAL ESTATE AND THE SUPPLY OF LAND'


What real-life situation in which you would use a rational number with a numerator that is greater than the denominator?

-- any time you order 1/2 pound of something in the deli